Question:
Subodh took a loan of \( ₹ 10,00,000 \) at \(14\%\) annual interest rate for\( 8\) years. His equated monthly instalment under flat rate system is :
Subodh took a loan of \( ₹ 10,00,000 \) at \(14\%\) annual interest rate for\( 8\) years. His equated monthly instalment under flat rate system is :
Updated On: May 21, 2024
- \( ₹ 20833.33\)
- \( ₹ 22083.33\)
- \( ₹17500\)
- \( ₹ 23150\)
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The Correct Option is B
Solution and Explanation
The correct option is (B): \( ₹ 22083.33\)
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